The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

Steady Market Expansion and Growth Predictions

The protein purification and isolation market have experienced rapid growth in recent years, reaching $8.66 billion in 2023 and projected to increase to $9.58 billion in 2024, showcasing a compound annual growth rate (CAGR) of 10.5%. Looking ahead, the market is expected to surge further, reaching $14.61 billion in 2028, with a CAGR of 11.1%. These positive trends can be attributed to several factors, including increased R&D in biopharmaceuticals, the growth of the biotechnology industry, and advancements in chromatography techniques.

Forecast Period Insights and Major Trends

Anticipated growth in the forecast period is attributed to a booming biologics market, increased funding for life sciences research, a rising demand for personalized medicine, expansion of contract manufacturing organizations (CMOs), and an increased demand for rapid screening tests. Key trends in this period include the adoption of single-use systems in protein purification, high-throughput purification technologies, continuous processing emphasis, integration of automation, and a focus on sustainable practices.

Government Investment Driving Market Momentum

Elevated Government Investment:

• Governments globally are increasing spending on R&D in pharmaceuticals and biotechnology, acting as a catalyst for market growth.
• Such investments lead to advanced protein purification processes and the development of essential components like growth factors and hormones.

Global Initiatives:

• Indian government allocated USD 10.35 billion for the pharma sector in 2021.
• The US Department of Agriculture and National Science spent USD 50 million on alternative protein development in 2021.

Companies at the Helm: Key Market Players

Major companies contributing to the protein purification and isolation market include:

• Abcam PLC
• Agilent Technologies Inc.
• Thermo Fisher Scientific Inc.
• Bio-Rad Laboratories Inc.
• GE Healthcare Technologies Inc.
• Qiagen NV
• Hoffmann-La Roche Ltd
• Sigma-Aldrich Chemicals Private Limited
• Novasep
• Sino Biological Inc.

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Technological Leap in Protein Purification

Driving Innovation:

• Technology plays a pivotal role in the market’s growth, with companies focusing on advanced technological innovations.
• Thermo Fisher Scientific introduced the KingFisher Apex Purification System in April 2021, showcasing the industry’s commitment to innovation.

System Overview:

• The KingFisher Apex Purification System enables flexible, reproducible, and fast sample preparation for DNA, proteins, and cells.
• Automation technology ensures error-free reports, producing high-quality nucleic acids and proteins.
• The system processes 24 to 96 samples in 25 to 65 minutes, enhancing efficiency and productivity.

Strategic Acquisitions Impacting Market Dynamics

Beximco Pharmaceuticals’ Strategic Move:

• In November 2021, Beximco Pharmaceuticals Ltd. acquired Sanofi Bangladesh, strengthening its position in key therapeutic areas.
• Sanofi, a France-based healthcare company, is involved in protein purification and the manufacturing of medicines and vaccines.

Market Segmentation and Regional Dominance

Market Segmentation:

• Segmented by product (instruments, consumables), technology (ultrafiltration, precipitation, chromatography, electrophoresis, etc.), application (drug screening, biomarker discovery, etc.), and end-users (academic institutes, hospitals, pharmaceutical companies).

Regional Dominance:

• North America led the protein purification and isolation market in 2023, showcasing the region’s prominence in the industry.

Conclusion: A Dynamic Future

The protein purification and isolation market’s growth trajectory is fueled by various factors, including increased government investments, technological advancements, strategic acquisitions, and market segmentation. As the industry embraces innovation and responds to evolving demands, it is well-positioned for sustained growth, offering exciting opportunities for both established players and emerging entrants. The future promises a dynamic landscape, with advancements in technology and strategic partnerships shaping the evolution of protein purification and isolation methodologies.

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